Wema Bank Reveals Top 35 Innovators Competing in Hackaholics 5.0 Grand Finale

Wema Bank, a pioneer in Nigerian banking and the force behind Africa’s first fully digital bank, ALAT, has unveiled the 35 innovative teams advancing to the grand finale of Hackaholics 5.0. The event, themed “Meta Idea: Catalyzing Africa’s Growth Through Innovation,” will take place on November 25, 2024, in Lagos.

The selection followed a rigorous pre-pitch process that spanned eight physical locations and one virtual pitch center. The finalists represent a spectrum of groundbreaking ideas across technology, finance, agriculture, education, healthcare, sustainability, and artificial intelligence.

Meet the Finalists

The top contestants include Northino, Our Haven, Celia, Nadir, Nimsy Agro, Hebron Chain, Paystrait, DevMe, Preview, Coconoto, EduGaze, Dokia, Gbale Prime, Health 4 Moni, Digiland, Abinci, Unifi, CyclexAfrica, Airify, Kwab, Gnergy, University X, AI Teacha, Code Red, APISentry, Fegor, TrashCoin, Paywise, Pandascrow, Lexia AI, Bunce, Bloom Beauty, MyItura, Accede, and Scratop Nigeria Limited.

These teams will showcase their cutting-edge Digi-Tech solutions before a panel of distinguished investors, industry leaders, and mentors, competing for a share of ₦75 million worth of prizes.

Prize Structure

• Grand Prize Winner: ₦30 million worth of prizes
• First Runner-Up: ₦20 million worth of prizes
• Second Runner-Up: ₦15 million worth of prizes
• Top Women-Led Team: ₦10 million worth of prizes

Wema Bank’s Vision

Moruf Oseni, MD/CEO of Wema Bank, highlighted the importance of Hackaholics in fostering innovation and empowering youth:
“Hackaholics is a testament to Wema Bank’s commitment to fostering innovation and youth empowerment. These 35 top contestants represent the future of Africa’s tech-driven transformation, and we are proud to provide them with a platform to bring their ideas to life.

“The Meta Idea theme challenges them to think beyond immediate solutions and focus on innovations that capitalize on Africa’s growth potential. We look forward to celebrating their ingenuity at the grand finale.”

Nurturing Africa’s Tech Talent

This year’s Hackaholics received thousands of applications from across Nigeria, reflecting the creativity and drive of the country’s tech enthusiasts. The competition has spurred innovative solutions aimed at addressing Africa’s unique challenges and driving digital transformation.

Hackaholics remains a key platform for discovering and nurturing young talent. Winners gain not only financial rewards but also access to mentorship, global networks, and resources to scale their solutions.

Attend the Finale

Witness the next generation of African innovators by registering for the grand finale at hackaholics.wemabank.com/grandfinale.